IT company HCL Infosystems today said it will raise funds to the tune of Rs 847 crore by private placement of shares with qualified buyers and issuing warrants.
The shareholders of the company have decided to raise Rs 500 crore, with an option to garner an additional Rs 25 crore, if the issue is oversubscribed by private placement of shares with potential buyers, HCL Infosystems said in a filing to the Bombay Stock Exchange.
Further, it will raise an amount of Rs 322 crore by issuing convertible warrants to certain promoters, the filing added.
Shares of HCL Infosystems today closed at Rs 150.55 on the BSE, down 3.40 per cent from previous close.
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